Magic Software announces the Launch of ‘FactoryEye’, a New Product Enabling Manufacturers’ Transition to Industry 4.0

Magic continues to expand its software and technology offering.  FactorEye’s release further establishes Magic as a digital business transformation leader

Or Yehuda, Israel, May 21, 2019 Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platforms solutions and IT consulting services, announced today the general availability of its new data intelligence product, FactoryEye, built specifically for manufacturers.

FactoryEye is a high performance, low-code, flexible, hybrid platform that ensures the smooth integration between manufacturers’ legacy core IT systems, cloud systems, and factory machines by collecting and analyzing big data from multiple silos.

Magic has hundreds of manufacturing customers, and drew on over 35 years of manufacturing experience to develop FactoryEye. The product’s intuitive and user friendly dashboards empowers manufacturers by providing all the analysis they need in order to make faster and smarter decisions based on real time data and analytics. This translates into improved productivity, faster delivery times, and better control over the manufacturing processes, leading to increased customer satisfaction and higher profit margins.

According to leading market analysts, The market for Industry 4.0 products and services will soar from $119B in 2020 to $310B in 2023, attaining a 27% CAGR.

“The addition of FactoryEye to our software portfolio allows us to provide our new and existing manufacturing clients with a comprehensive Industry 4.0 solution”, commented Guy Bernstein, CEO of Magic Software. “This aligns with our strategy of enhancing our portfolio with Enterprise grade technologies. It also complements our recent acquisition of the low code platform PowWow for cross platform apps. Combining acquisitions with ongoing enhancements to core products enables Magic to further accelerate its growth by becoming a strong player in the digital transformation and Industry 4.0 révolutions”

FactoryEye offers dozens of prebuilt connectors to a range of enterprise applications and MRP systems, such as SAP, JD Edwards, and Infor, as well as MES, CRM, and PLM systems.